Business News • MarketWire • S Split Corp. Announces Proposal to Extend Redemption Date |
S Split Corp. Announces Proposal to Extend Redemption Date |
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S Split Corp. Announces Proposal to Extend Redemption Date
TORONTO, ONTARIO--(Marketwired - Sept. 8, 2014) - S Split Corp. (the "Fund") (TSX:SBN)(TSX:SBN.PR.A) is pleased to announce that its Board of Directors has approved a proposal to extend the term of the Fund for an additional seven years. The final redemption date for the Class A Shares and Preferred Shares of the Fund is currently December 1, 2014 and the Fund proposes to implement a reorganization ("Reorganization") that will allow shareholders to retain their investment in the Fund until at least November 30, 2021.
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